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conected
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August 01, 2018, 02:26:25 PM |
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I think so there is no any such objective of Bitcoin. Bitcoin was launched as a digital currency to revolutionize worldwide payment system. As the most it can also be used for managing your finances or long term investment purpose. Now, I have seen some poor people also becoming rich with Bitcoin and some rich people becoming richer with it. So anybody can invest in it, there is no perfect statement we can give about it.
It gives an opportunity to those people who have no capital to take a shot in investing in bitcoin and other cryptocurrencies. It may not redistribute the wealth but somehow it can augment the lives of the people who are risking it so that they can have their hopes and dreams be achieved by investing in cryptocurrencies. Unlike in fiat wherein you need a larger capital most often to have larger profit, there is a possibility on cryptocurrencies to have larger profits still even though you have smaller capital. - Agreeing that bitcoin is helping people without capital, it helps them achieve certain success, but then when they go deeper into this game, they still can not escape the hands of the rich, more precisely, they are just small fish gathering all the benefits that bitcoin bring to people just like them. And the rich will be the big fish that swallows all of them with some sophisticated traps, finally, the result of this play is just to make rich people richer, only a handful of people are lucky and survive in this chaos |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Muzika
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August 01, 2018, 03:29:08 PM |
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Just that... do you think there is any re-distribution effect at all due to bitcoin?
For me, it does help everyone. It gives equal opportunity to everyones to have a better life. So it does not matter to me who gets richer as long as he does not do anything illegal. nice stance, it makes a poor or a middle class people to have a good financial stability, while the rich since they have the power to invest it helps also their money to grow so we should have a good insight on how bitcoin helps people with their financial aspect. |
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regnidorhcs
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August 01, 2018, 04:07:40 PM |
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I think that Bitcoin redistributes the wealth since it is providing equal opportunity to anyone and everyone from any part of the world to earn from the various tasks we have in Bitcoin or cryptos from developer, programmer to bloggers, advertisers, signature campaign contributer, trader, investor and even to some enthusiasts.
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yonjitsu
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www.daxico.com
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August 02, 2018, 03:52:42 AM |
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If we are talking about the amount of money you invest in bitcoin, then that will make a big difference because the bigger the money you pour in bitcoin, the bigger the profit you will also earn. I believe bitcoin is the largest wealth distribution of all time because i've read some testaments already from the ordinary people who become wealthy.
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xuzukami
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August 02, 2018, 06:41:51 AM |
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In this market there is no fairness or division of wealth, win in this market for those who are experienced, they are more sophisticated, and know the opportunities for the rise and fall of the market
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ValerieBTC
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August 02, 2018, 06:49:05 AM |
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BTC market is a free market, and anyone rich is thanks to their patience and their patience. If you have less money you should invest less and vice versa, the rich are like people. poverty. no one more than anyone
The best thing which I like about the bitcoin is that it helps you in making of money without creating any kind of discrimination and that it keeps in helping the ones who trust in bitcoin to make more money which can then help them in having a comfortable life. It is all and all your own efforts and hard work which will then help you in having some good earning and that you have to do your best to earn more. |
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draacubile328
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August 02, 2018, 07:07:26 AM |
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Apparently, Bitcoin can not redistribute wealth, Bitcoin can make a person rich, but for the rich, bitcoin can not make all of the poor.
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kosaymoive333
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August 02, 2018, 07:15:01 AM |
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I think what you put out is not quite right, assuming all bitcoin investors are rich, they are still rich, only a few are not rich but they are not poor, and those with little capital, they Hard to get rich because they do not have enough capital to speculate on bitcoin
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erikoy
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August 02, 2018, 07:15:52 AM |
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Just that... do you think there is any re-distribution effect at all due to bitcoin?
Yes it is because in cryptocurrency there is a high risk and if you invest on it then there is a possibility that there wealth will be distributed evenly if they do not know how to invest wisely on this system. But as we all know that the rich people does seem too good when it comes to investing their money on this system. They even know when to buy hold and sell. |
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moinguoi5c333
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August 02, 2018, 07:31:33 AM |
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Bitcoin can make a normal person wealthy. However, that wealth is not sustainable, a rich man strong even if bitcoin grab their big money, they are still rich. I think bitcoin can not redistribute wealth.
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MelissaAnderson11
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August 02, 2018, 07:41:58 AM |
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At present, bitcoin does not allocate wealth, but it can bring newcomers to it, if lucky, they can earn thousands of dollars in a short amount of time. To bring the rich more wealthy if he invests wisely
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thithoikochoi123
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August 02, 2018, 07:46:57 AM |
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Bitcoin can dominate a lot of money around the world, but decentralization of wealth or redistribution of wealth does not seem to be clear, it's just in some cases, bitcoin only contributes to that part of it.
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tiurminator
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August 02, 2018, 07:49:12 AM |
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Not really redistributes but I think bitcoin created a few new millionaires and a few more income source for the bounty hunters and trader.
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Conthongon234
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August 02, 2018, 08:06:58 AM |
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The rich can be richer by bitcoins, but not all, bitcoins only make up a small portion of the wealth of the rich, and any distribution effect depends very much on many factors.
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StrikingAdvantage
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August 02, 2018, 08:16:48 AM |
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IT actually does both. Because you can earn alot more if you have a lot more money from the start, but you can also start with almost nothing and work your way up.
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chrisculanag
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August 02, 2018, 08:31:53 AM |
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Wealth from bitcoin is for us and its not only for the rich people , even you can buy a bitcoin and hold for waiting for the double or triple the price. Believe yourself and always positive someday we also get rich.
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sserge009
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August 02, 2018, 08:40:13 AM |
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Bitcoin is limited to a circle of people who have access to the Internet. anyway but this is a small number of people. although the price entry to the market is still much lower than for traditional markets
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icecream sandwich
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August 02, 2018, 09:05:44 AM |
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Just that... do you think there is any re-distribution effect at all due to bitcoin?
Indeed it is on account of in cryptographic money there is a high hazard and on the off chance that you contribute on it at that point there is a plausibility that there riches will be conveyed equally on the off chance that they don't know how to contribute carefully on this framework. However, as we as a whole realize that the rich individuals seems too great with regards to contributing their cash on this framework. They even know when to purchase hold and offer. |
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alex3.alex03
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August 02, 2018, 09:41:45 AM |
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I think that bitcoin makes richer savvy people who are not afraid to take risks and catch the moment.
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ShineftChaos
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I LOVE ADABS
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August 02, 2018, 09:49:55 AM |
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I think that bitcoin makes richer savvy people who are not afraid to take risks and catch the moment.
You can be rich if you are willing to take risk and that is the nature of life, cryptocurrency is a big help for everyone because in this way people will have more opportunity in their life. |
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